Christian Credit Counselors Blog

Your Finances and Financial Spring Cleaning

Financial Spring Cleaning

With winter gone, and spring in full bloom spring cleaning is on probably on your mind. This is what you’ve been waiting for all winter, to clean your entire house from top to bottom. Wait, you don’t do annual spring cleaning? It’s okay, I don’t either, but the idea of going through your finances at least once a year seems a lot more beneficial then scrubbing the toilet.

Know Your Financial Goals

This may seem like a no brainer, but most people don’t have a defined plan concerning their financial future. Figure out exactly where you are now, and where you want to be in the next year, 5 years, 10 year, etc. Having a written document you are able to look at every so often will keep you on track toward securing your financial future.

Get Rid of Unnecessary Documents

While it is good that you are keeping a hold of valuable documents, some that have been in your pile for years may not be needed anymore. Visit bankrate.com to see what records you should have on hand and for how long.

Review your Credit Report and Score

The three credit agencies: Equifax, Experian, and TransUnion offer you one free credit report annually. This is something you should take full advantage of. For more information about credit reports and your score, check out our last blog!

Analyze your Insurance Coverage

To make sure you are getting the best plan at the best price, shop around and compare rates. Companies are competing for your business, so you may be able to get a better deal somewhere else. Visit sites such as insurance.com and insure.com to help you in your research.

De-clutter your Home

Go through your closet, old boxes, basement, attic, etc. and get rid of unnecessary items that are sitting there collecting dust. You can opt to make a little money by trying to sell some of your goods, or you can always donate/recycle them. Either way, after de-cluttering your home, you will be inclined to improve other areas of your life, such as your finances!

Happy Financial Spring Cleaning!

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